#United States #Convertible Notes #Ramaco Resources #Lexington #Hedging

Ramaco Resources Announces Convertible Senior Notes Offering

On November 4, 2025, Ramaco Resources, Inc. (NASDAQ: METC) publicly declared its intention to launch a significant offering of convertible senior notes, totaling $300 million. This strategic financial maneuver is designed to facilitate hedging transactions associated with the notes. Additionally, underwriters for the offering, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, will concurrently offer shares of Ramaco's Class A common stock borrowed from third parties.

The convertible senior notes are set to mature in 2031, and the underwriters have also been granted an option to purchase an extra $45 million in notes to cover any over-allotments. This indicates that Ramaco is taking calculated steps to ensure investors are cushioned against potential market volatility.

The stock offering aligns with Ramaco's broader strategy for managing financial risks related to its hedging activities. The stock's specific quantity involved in the delta offering will depend on investor demand, particularly influenced by initial short positions of hedging investors. It is anticipated that the number of shares will be determined at the pricing stage of the offering.

Notably, the success of these two offerings is intertwined: the notes offering hinges on the successful execution of the concurrent stock offering and vice versa. Investors should be aware that Ramaco will not receive any proceeds from shares sold in the delta offering, nor will new shares of Class A stock be issued.

Regulatory Filings and Investor Information

Ramaco has effectively filed a shelf registration statement with the Securities and Exchange Commission (SEC), which became effective automatically upon submission. Prospective investors are encouraged to review the preliminary prospectus and other relevant disclosures related to the offerings, which are available at the SEC’s EDGAR database.

Potential investors may also obtain the necessary documents directly from the underwriters’ prospectus departments, which are committed to providing essential information before any investment decision is made.

About Ramaco Resources

Founded to operate and develop metallurgical coal resources, Ramaco focuses on regions within southern West Virginia and southwestern Virginia. In addition to coal operations, the company is exploring projects involving rare earth elements and critical minerals in Wyoming.

Currently, Ramaco has four active metallurgical coal mining complexes in Central Appalachia, alongside a developing mine near Sheridan, Wyoming. The company is progressively moving forward in coal production, enhancing its resource base while investing in the burgeoning rare earth market.

For those looking for further updates and information regarding Ramaco Resources, including regular SEC filings and operational news, more information is accessible through their official website.

Cautionary Statements

Ramaco Resources advises that certain statements highlighted in this announcement could be considered forward-looking, referencing expectations for future events or conditions that are subject to various risks and uncertainties. Stakeholders should acknowledge that actual outcomes may differ significantly from current projections due to numerous factors, including market conditions and regulatory challenges.

Conclusion

Ramaco Resources’ proposed offering demonstrates a proactive approach to fiscal management and market positioning. The dual offering of convertible senior notes and stock reflects a strategic alignment with ongoing efforts to mitigate financial risks while paving the way for future growth. Investors and stakeholders will be keen to monitor this initiative as it unfolds, especially in the context of broader market dynamics surrounding coal and mineral resources.